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<br />o <br /> <br />Preferred Governmental Insurance Trust '(PGIT) <br /> <br />To protect members of the fund from large losses and to protect the financial security of the <br />fund, the PGIT board of trustees has elected to purchase an extremely conservative excess of <br />loss insurance structure. We stress PGIT excess of loss structure because an excess structure <br />provides PGIT members several levels of protection that reinsurance does not. <br /> <br />Foremost among these is the fact that PGIT's excess of loss policies list every individual <br />member a named insured, giving every member direct access to the insurance company for <br />payment of claims. Reinsurers are only responsible to the trust itself. Therefore, if a trust <br />became financially troubled, there is no guarantee from an insurance company that any <br />individual claim will be paid or even that a reimbursement will go towards the originating claim. <br /> <br />o <br /> <br />PGIT is a non-assessable Trust approved by the Florida State Legislature and is not rated by <br />A.M. Best. PGIT members are not constrained by notice requirements or punitive run-off claims <br />costs to exit. <br /> <br />Public Risk Underwriters (PRU) <br /> <br />PRU, as part of Brown & Brown, is one of the premier insurance service organizations for public <br />entities in the United States. Our exclusive focus and in-depth understanding of the unique risk <br />exposures and operating environment of the public sector allows us to tailor customized <br />products and services to meet our clients' needs. <br /> <br />Preferred Governmental Claims Solutions (PGCS) <br /> <br />PGCS is dedicated to exclusively serving Florida governmental agencies. PGCS administers <br />and closely controls all claims from start to finish. This team of full- time, licensed adjusters <br />understands federal laws and state statutes governing actions against public entities. A toll-free <br />telephone number is provided to facilitate reporting of claims. <br /> <br />o <br /> <br />The brief description of coverage contained in this binder is being provided as an accommodation only and is not intended to cover <br />or describe all policy tenns. For more complete and detailed information relating to the scope and limits of coverage. please refer <br />directly to the policy documents. Specimen forms are available upon request. <br /> <br />3 <br /> <br />, ) <br /> <br />Brown & Brown, Inc.@ <br />